Quick mid-month update: Gecko Folio recently passed the 100% return club. Gecko, my high yield Spoke Fund®, was launched at the end of January 2009 and is still yielding just over 7.0%. Goes to show you what sort of inefficiencies there were among high yield bonds and master limited partnerships (MLPs) back at that time….I can count the number of trades I’ve made in Gecko since then on one hand.

I haven’t written much publicly to date about Gecko, as managing Tarpon seems to keep me awfully busy, but I hope to post more about the fund and its holdings soon.

In the meantime, here is some marketing propaganda, er, our brochure.

Disclaimer: This performance is highly unusual and cannot be sustained. Because the portfolio contains a limited number of companies, its returns will be more volatile than a portfolio investing in a higher number of stocks. Fund inception date 1/26/2009. Returns above are as of 10/15/10. Positive returns are not guaranteed. Individual results will vary depending on market conditions and investing may cause capital loss. The performance data is “net of all fees” reflecting the deduction of advisory fees, brokerage commissions and any other client paid expenses and includes the reinvestment of capital gains. The publication of this performance data is in no way a solicitation or offer to sell securities.